You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. While RIA M&A activity dominates the headlines, successful wealth managers are not built on deals alone.  The Wealth Management RIA Edge 100 list, released this week, is a case in point. The list, which is completely data-driven, highlights RIAs that demonstrate strategic growth while maintaining client service commitments, based on a set of criteria.  That said, deals are still happ ...

Group 1: Industry Overview - The third quarter of 2023 saw a record number of registered investment advisor (RIA) deals, totaling 94, the highest since tracking began in 2019 [1][2] - Private equity-backed consolidators are the primary drivers of RIA M&A activity, indicating a growing trend in the industry [2] Group 2: Notable Acquisitions - Allworth Financial acquired Shorepoint Capital Partners, an RIA with $850 million in assets under management, expanding its presence in the Boston area [4][5] - Carson Group acquired Shilanski & Associates, a financial planning firm in Alaska managing approximately $436 million in assets [6][7]